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David Lynch will not direct the new episodes of Twin Peaks

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Series creator says Showtime didn't offer enough money

Just three months after David Lynch made thousands of dreams come true by announcing his seminal Twin Peaks was coming back to TV, the director has brought fans crashing back to reality by announcing on Twitter tonight that he would now not be directing the new episodes of the show. Lynch said that he was walking away from the planned miniseries, having pulled out of the deal because Showtime, the network bankrolling the new episodes of the mysterious drama, did not offer enough money to do justice to his script.

It was rumored earlier today that Showtime had canceled the planned miniseries altogether, but Lynch clarified the situation, saying that the network did not "pull the plug" on the show, and that it may still continue without him. The reboot, in which Kyle MacLachlan was going to come back as the inimitable Special Agent Dale Cooper, was rumored to return on June 10th, 2016 — the same day Laura Palmer told Cooper she'd see him at the end of the final season in 1991.

In a statement provided to The Verge, Showtime said it was saddened to hear of Lynch's decision to walk away from the show.

We were saddened to read David Lynch's statement today since we believed we were working towards solutions with David and his reps on the few remaining deal points. SHOWTIME also loves the world of Twin Peaks and we continue to hold out hope that we can bring it back in all its glory with both of its extraordinary creators, David Lynch and Mark Frost, at its helm.

Lynch may eventually return to direct should the network offer more money or the deal get reworked, but it would certainly be hard to imagine a return to the weird and wonderful Twin Peaks without its creator at the helm.

Update April 5th, 8:30PM ET: Updated with statement from Showtime.